It’s noon GMT on this Tuesday and time for the Dukascopy Midday Snapshot. Euro/Dollar shows limited rate movement of 39 pips, while attracting 26% less than typical funds. Neutral sentiment of the traders is 12% short. Both sides have seen only limited profit opportunities due to the narrow price movement range and calm trading approach. Pound/Dollar dropped by 86 pips and a loss of point 5% was posted at noon. The Cable sees 20% less than typical funds and sentiment of the trades is neutral, long positions are up by just 2%. Sharp decline has provided profit opportunities for those who were in short positions. Dollar/Yen has been trading sideways and traded volume is low at 27% down from the monthly average. Neutral sentiment of the trades is 2% short. Both the passive trading approach and calm rate movement suggest no major moves in funds are likely. Pound/Yen dropped by close to 100 pips to hit the low of 114 60. Traded volume is extremely low and neutral sentiment of the traders is leaning towards the short side by 13%. Sharp decline puts bears in better positions, but the calm trading approach is the limiting factor. Euro/Yen’s rate movement of 47 pips has been calmer than usual and traded volume is low. Most of the funds were in short positions, sentiment is bearish. Both the flat rate movement and passive trading approach suggest no significant moves in funds are likely. I’m Jack Everitt and you’ve been watching the Midday Snapshot for Tuesday. Goodbye for now.
It’s noon GMT on this Tuesday and time for the Dukascopy Midday Snapshot.
Euro/Dollar shows limited rate movement of 39 pips, while attracting 26% less than typical funds. Neutral sentiment of the traders is 12% short. Both sides have seen only limited profit opportunities due to the narrow price movement range and calm trading approach.
Pound/Dollar dropped by 86 pips and a loss of point 5% was posted at noon. The Cable sees 20% less than typical funds and sentiment of the trades is neutral, long positions are up by just 2%. Sharp decline has provided profit opportunities for those who were in short positions.
Dollar/Yen has been trading sideways and traded volume is low at 27% down from the monthly average. Neutral sentiment of the trades is 2% short. Both the passive trading approach and calm rate movement suggest no major moves in funds are likely.
Pound/Yen dropped by close to 100 pips to hit the low of 114 60. Traded volume is extremely low and neutral sentiment of the traders is leaning towards the short side by 13%. Sharp decline puts bears in better positions, but the calm trading approach is the limiting factor.
Euro/Yen’s rate movement of 47 pips has been calmer than usual and traded volume is low. Most of the funds were in short positions, sentiment is bearish. Both the flat rate movement and passive trading approach suggest no significant moves in funds are likely.
I’m Jack Everitt and you’ve been watching the Midday Snapshot for Tuesday. Goodbye for now.
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